Aspire Mining Limited - Aspire Receives Coal Blending Facility Concept Study

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Aspire Mining Limited
ABN: 46 122 417 243
Level 2, Suite 20, 22 Railway Road
Subiaco WA 6008
PO Box 1918
Subiaco WA 6904
Tel: (08) 9287 4555 ASX RELEASE
Fax: (08) 9388 1980
Web: www.aspiremininglimited.com
Email: info@aspiremininglimited.com
For Immediate Release – 8 September, 2014
Aspire Receives Coal Blending Facility Concept Study
Aspire Mining Limited (ASX: AKM, the “Company” or “Aspire”) is pleased to announce that it has
received a Coal Blending Facility Concept Study (“Concept Study”) completed by German engineers
Tenova Takraf (“Takraf”). The study was commissioned by Aspire in order to investigate the
establishment of a coal blending facility (“Blending Facility”) at the Sainshand Industrial Park
(“Sainshand”) adjacent to UBTZ’s Trans Mongolian Railway in southern Mongolia.
The Concept Study looked at a 10 million tonne per annum coal blending operation which could be
readily upgraded to larger volumes if needed. The business plan is to look to combine Ovoot Coking
Coal with other non or low coking coals from the South Gobi region of Mongolia in order to upgrade
Mongolian coal brands. Ovoot Coking Coal would be delivered by rail from northern Mongolia while
coals from the South Gobi region would be delivered by rail currently under construction that intersects
the Trans Mongolian Railway at Sainshand. Blended product can then be railed south to customers in
China and to Chinese Ports for export under the recently agreed protocols.
Laboratory and pilot coke oven testwork on samples has clearly shown the ability for Ovoot Coking Coal
to upgrade a wide variety of lower and non-coking coals (refer ASX Announcements dated 29 July 2013
and 18 February 2013).
The Blending Facility would be constructed over 70 hectares of land at the Sainshand Industrial Park,
which is strategically positioned along the existing Trans-Mongolian Railway and has both rail and road
access to northeast China (refer Figure 1). The Trans-Mongolian Railway is currently the subject of
agreed capacity upgrades and a railway connecting Tavan Tolgoi in the South Gobi to Sainshand is
also currently under construction and due for completion in 2017.
The operation of the Blending Facility would incorporate the receival and unloading of coal from trains
into a specially designed yard using combined coal stackers/reclaimers. These stockpiles will then be
reclaimed in a sequence to match the blend recipe before being loaded onto trains to be exported to
customers.
The Concept Study estimated a pre-contingency capital cost of €53 million (approximately US$70
million), and a two year construction timeline. Should Takraf be appointed as the EPC contractor to
construct this facility, up to 85% of the construction cost is available for Export Credit Agency backed
debt funding.
In April 2014, the Company signed a non-binding Memorandum of Understanding with the Mongolian
Government entity responsible for the Sainshand Park development which names the Ovoot Coking
Coal Project (“Ovoot Project”) as one of the potential key raw material suppliers to Sainshand with the
Mongolian Government owned Tavan Tolgoi Coal Mine.

2. Figure 1: Location of Sainshand Industrial Park and rail connections.
Aspire has now applied to the Ministry Agriculture and Science to secure a suitable land parcel at
Sainshand to establish this facility.
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ABOUT ASPIRE MINING LIMITED
Aspire is listed on the ASX (Code: AKM) and owns 100% of the Ovoot Coking Coal Project in northern
Mongolia. Aspire completed a Pre-Feasibility Study (PFS) for the Ovoot Project in May 2012, a PFS
Revision in December 2012 and was granted its Mining Licence in August 2012. Aspire is targeting first
production of 5Mtpa at the Ovoot Project in 2018 subject to funding, approvals, licenses and
construction of rail infrastructure. Aspire’s wholly owned subsidiary Northern Railways LLC is currently
continuing to progress the development of railway which will connect the Ovoot Project directly to the
existing Mongolian rail network. For the key assumptions used to achieve the first year target of 5mtpa
of marketable coking coal, refer to December 2013 Quarterly Report announced 31 January 2014.
Aspire’s development timeline for its Ovoot Project relies primarily on:
i) the provision of approvals from the Government of Mongolia for Northern Railways to build,
and operate the Northern Rail Line, connecting the Ovoot Project to the Trans-Mongolian
Railway at Erdenet; and
ii) financing of the Northern Rail Line.

3. ABOUT NORTHERN RAILWAYS LLC
Northern Railways LLC (“Northern Railways”) is the Mongolian registered rail infrastructure subsidiary
of Aspire Mining Limited, established as the entity to focus on developing railway infrastructure in
northern Mongolia.
Northern Railways is focused on the advancement of an extension to the existing Trans-Mongolian
Railway of approximately 547 kilometers from the current terminus at Erdenet through to the Ovoot
Coking Coal Project (“Northern Rail Line”), thereby connecting the northern Mongolian Khuvsgul,
Bulgan, and Orkhon provinces to the existing Trans-Mongolian rail network. In accordance with
Mongolian National Rail Policy, the multi-user rail line will be available for the transport of bulk
materials, agricultural and general freight and passengers from the region to export markets including
China, Russia and seaborne markets.
Competent Persons Statement
The technical information contained in this announcement in relation to the Ovoot Coking Coal Project in Mongolia has been
reviewed by Mr Neil Lithgow – Non Executive Director for Aspire Mining Limited. Mr Lithgow is a Member of the Australian
Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the
"Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.” Mr Lithgow consents to the
inclusion in the report of the matters based on this information in the form and context in which it appears.
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For more information contact:
Corporate
David Paull Aspire Mining Ltd +61 8 9287 4555
Managing Director
Investor Relations
Naomi Dolmatoff Aspire Mining Ltd +61 8 9287 4555
Email: info@aspiremininglimited.com
Marketing
Scott Southwood Aspire Mining Ltd +61 7 3012 6305
Email: scott@aspiremininglimited.com